Hariom is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron.
Everything you need to know about upcoming #IPO #HariomPipeIndustries
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RT & help us educate investor community π
Everything you need to know about upcoming #IPO #HariomPipeIndustries
A Thread π§΅π
RT & help us educate investor community π
Hariom caters to the southern and western Indian markets for their products. Their MS Pipes are marketed and sold in these geographies under the brand name - Hariom Pipes...
Substantial portions of the Sponge Iron, MS Billets and HR Strips produced by them are used for captive consumption in the manufacturing of MS Pipes and Scaffolding.
Wide products to choose from gives company an advantage to build consumer base in different finished steel products including:
Sponge Iron
HR Strips
MS Section
MS Pipes & Tubes
Scaffolding
Sponge Iron
HR Strips
MS Section
MS Pipes & Tubes
Scaffolding
Shareholding π
Peer Comparison π
Financial Overview π
Companyβs integrated plant at Mahabubnagar District in Telangana (UnitI) manufactures finished steel products from iron scrap and Sponge Iron and the other plant at Anantapur District,Andhra Pradesh (Unit II) exclusively manufactures Sponge Iron. Unit II is located near Bellary.
Hariom Pipe Industries has filed preliminary papers with SEBI to raise βΉ100-120 crore through an initial public offering. The issue comprises sale of 85 lakh equity shares of the company.
The equity shares have a face value of Rs 10 each.
The equity shares have a face value of Rs 10 each.
The net proceeds of the Fresh Issue are proposed to be utilised as: π
Hariom mainly sells MS Pipes through more than 200 distributors and dealers.
They also sell MS Pipes and Scaffoldings to certain developers and contractors directly as B2B sales.
They also sell MS Pipes and Scaffoldings to certain developers and contractors directly as B2B sales.
Key Demand Drivers:
1. The Company has a strong hold on steel products with a wide distribution network across India and especially in South and Western India.
1. The Company has a strong hold on steel products with a wide distribution network across India and especially in South and Western India.
2. Wide products to choose from gives company an advantage to build consumer base in different finished steel products including:
Sponge Iron
HR Strips
MS Section
MS Pipes & Tubes
Scaffolding
Sponge Iron
HR Strips
MS Section
MS Pipes & Tubes
Scaffolding
3. The company also caters to diverse end-use industries (housing, infrastructure, agriculture etc), which also results in strong sales as the infrastructure & agriculture sector are witnessing strong growth.
4. The company also focuses on backward integration of its production line by producing sponge from steel and forward integrating it into finished products. The companyβs main focus is to:
a. Use sustainable steel producing methods.
b. Reduce wastage through automation and improve power consumption metrics.
c. Increase focus on domestic consumption.
d. Use renewables more frequently.
e. Reduce freshwater usage and focus on recyclability.
b. Reduce wastage through automation and improve power consumption metrics.
c. Increase focus on domestic consumption.
d. Use renewables more frequently.
e. Reduce freshwater usage and focus on recyclability.
Strengths & Risks π
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